Hospital Waste Ltd is a successful surgical waste management company.The three directors are Elon Tusk, Sandy Tong and Liang Lu.Hospital Waste Ltd has won a major contract to collect surgical waste from fifteen hospitals across Melbourne and regional Victoria. To fulfil this contract, Hospital Waste Ltd needs to raise $8 million to enable it to upgrade the safety of its hazardous waste collection systems.

Required Questions

1.Using your own words, advise the directors how Hospital Waste Ltd should raise the $8 million.(10 Marks)

2.In your opinion, will a disclosure document be necessary?Why or why not? (10 Marks)

Please support your answer with relevant sections of the Corporations Act 2001 and/or relevant case law.

Total 20 Marks